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Marketing
The success of every auction depends on effective
marketing and promotion. At Bay Area Auctions, all
real estate auctions are carefully analyzed and
evaluated before an aggressive, highly effective
marketing and promotional plan is prepared and
targeted to the appropriate buyer pool. We customize
every campaign to the needs and desires of every
client with the sole purpose to sell the real estate
quickly and effectively.
Our marketing campaigns are comprised of several
media. The media mix is based on advertising dollars
available, type of auction and on targeted buyer mix.
Obviously, the more invested in advertising, the
better the turn-out of buyers and the better the
return on dollars invested.
The following outlines the typical media we use to
promote real estate auctions:
PRINT
MEDIA:
Bold advertisements are designed and placed in
newspapers and magazines appropriate to the needs of
the property and marketing budget. Marketing campaigns
include comprehensive mixes of local, regional,
national and international publications. The placement
mix ensures maximum exposure to the targeted buyer
pool prior to the auction.
DIRECT MAIL:
Direct mail brochures, flyers and post cards are
produced in full color, with sharp, dramatic pictures.
Then they are then mailed to targeted audiences of
residential real estate prospects, commercial and
residential investors, and real estate brokers,
including specialized mailings to lists of our
national data base of prospects.
E-Mail:
Our broadcast E-mail program affords avid
property buyers at auction the earliest possible
notification of upcoming real estate auctions. In a
millisecond, notification of your planned auction date
with a packet are broadcasted across the planet to an
insurmountable amount of qualified prospects that have
indicated an interest in real estate acquisition. Our
active list grows by the thousands monthly. These
"Auction Alerts" include information that
links to our web site and your auction event.
SIGNAGE:
Signs are a very productive advertising tool.
They generate excitement as soon as they are placed.
Because of the short marketing period (usually 30 to
45 days or less) it is important to erect signs early
in the campaign. Auction signs must be customized to
provide specific information such as date, time of
auction and where to go for information. Our signs are
sharp, eye catching and effective. We design,
manufacture, and erect these custom signs specifically
to generate attention to the auction event and create
a sense of awareness and urgency about your property
within your local community. After all, what neighbor
wouldn't want to hand pick and approve of their new
neighbor.
PROPERTY INFORMATION
BROCHURES:
Property information packets (PIP'S) are
designed to provide the information the bidders will
need. Included in each are property descriptions,
photo's, auction terms, purchase and sale agreement,
available financing programs, home warranty (if
available), title conveyance approval, termite
inspection, home inspection and any other specific
information provided or acquired. PIPS are available
to interested parties online or via mail. A brief PIP
is also available as an attachment to each of our
signs.
TELEMARKETING:
Our trained staff of telemarketers are capable
of answering all inquiries from our "Auction
Hotline" about your auction. Their familiarity
with auction terminology allows them to speak
intelligently with first time buyers, as well as the
most experienced auction oriented buyers. An integral
part of the process is the follow-up call to
interested parties during the week prior to the
auction. The personal contact raises potential buyer's
comfort levels and serves as a reminder of the
auction.
RADIO:
A radio campaign reaches the fast moving
executive that reads very little. They can be touched
at prime drive times on stations that have the
demographics that appeal to them. They enable us to
reach the prospective buyers that wake early, stay out
late, but listen to the news and local information in
their vehicles. Uniquely, it touches a market that
print material does not penetrate effectively.
Although less expensive than TV, radio has its place
depending on the type of property and budget.
TELEVISION:
A TV campaign is very effective, but expensive.
Depending on the uniqueness and price of the property,
TV develops a penetration that compliments all of the
other media used and adds a dimension that very few
real estate promoters have in their portfolio.
Unfortunately, the minimum mix in TV to consider is
$20,000.00, but the real fact is, we have never had a
mediocre auction when we've used TV in the campaign.
It is always an interesting study to compare dollars
spent versus results when it comes to determining the
product mix of the advertising budget.
Marketing, as you
can see, is a full time focus for us. We try to leave
nothing to chance when promoting your property and
auction. We are dedicated to the
success of every auction and the satisfaction of every
client.
After all, when it comes to real
estate, auctions are our only business.
EVALUATE
…. PLAN …. TARGET …. SELL ….!
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